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Coronavirus: Germany, record contraction in activity

Also sharp reduction in production

03 April, 14:12
(ANSA) - BELGRADE, APRIL 3 - The Germany Composite Output Index registered 35.0 in March, down from 50.7 in February and surpassing the previous low of 36.3 registered back in February 2009. "Driven by a record contraction in services activity, Germany's private sector posted its steepest drop in output since comparable data were first available in 1998," IHS Markit said today. March also saw a sharp and accelerated reduction in manufacturing production in the largest European economy, the most marked recorded in Germany since April 2009. (ANSA).

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